Friday, November 13, 2009

Chavez's policies go from bad to worse


Chavez's policies go from bad to worse
"It's come to this in Hugo Chávez's Venezuela: The president is pleading with people to save water by limiting their daily cleansing routine to a 3-minute ``communist shower.''
Really. This is just the latest indication of how badly Mr. Chávez continues to mismanage the economy of energy-rich Venezuela, which should be one of the most prosperous nations in the world to judge from its vast hydrocarbon reserves.
Instead of offering Venezuela's 27 million people a better life, Mr. Chávez ``Bolivarian socialism'' has squandered the nation's wealth on military armament, populist schemes and the creation of a patronage state, a prescription for ruin and misery."

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